Discounted Cash Flow (DCF) Analysis Levered

Amphenol Corporation (APH)

$78.29

-0.36 (-0.46%)
All numbers are in Millions, Currency in USD
Stock DCF: 45.04 | 78.29 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 7,011.308,2028,225.408,598.9010,876.3012,189.4413,661.1115,310.4717,158.9619,230.62
Revenue (%)
Operating Cash Flow 1,144.201,112.701,502.301,5921,540.101,970.392,208.292,474.902,773.713,108.59
Operating Cash Flow (%)
Capital Expenditure -226.60-310.60-295-276.80-360.40-417.80-468.25-524.78-588.14-659.14
Capital Expenditure (%)
Free Cash Flow 917.60802.101,207.301,315.201,179.701,552.591,740.041,950.122,185.572,449.44

Weighted Average Cost Of Capital

Share price $ 78.29
Beta 1.249
Diluted Shares Outstanding 625.50
Cost of Debt
Tax Rate 20.03
After-tax Cost of Debt 1.93%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.446
Total Debt 4,799.90
Total Equity 48,970.40
Total Capital 53,770.30
Debt Weighting 8.93
Equity Weighting 91.07
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 7,011.308,2028,225.408,598.9010,876.3012,189.4413,661.1115,310.4717,158.9619,230.62
Operating Cash Flow 1,144.201,112.701,502.301,5921,540.101,970.392,208.292,474.902,773.713,108.59
Capital Expenditure -226.60-310.60-295-276.80-360.40-417.80-468.25-524.78-588.14-659.14
Free Cash Flow 917.60802.101,207.301,315.201,179.701,552.591,740.041,950.122,185.572,449.44
WACC
PV LFCF 1,427.281,470.491,515.011,560.881,608.13
SUM PV LFCF 7,581.78

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.78
Free cash flow (t + 1) 2,498.43
Terminal Value 36,850.01
Present Value of Terminal Value 24,193.14

Intrinsic Value

Enterprise Value 31,774.93
Net Debt 3,602.80
Equity Value 28,172.13
Shares Outstanding 625.50
Equity Value Per Share 45.04